Outlook for Investment Markets
Its been another rollercoaster ride in financial markets, the Eurozone debt crisis front and centre. Sharemarkets have suffered, safe haven bonds have been back in demand, lower-quality debt sold off, listed property markets have been mixed, and currency markets volatile. Looking ahead, the evolution of the Eurozone issues is difficult to predict, and extensively-diversified portfolios appear to be the best response to a wide range of potential outcomes. This will also allow for the possibility that current market sentiment is overly bearish and failing to allow for constructive developments both in the Eurozone and elsewhere.
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